The Vente-unique.com Group, a platform in online sales of furniture and home furnishings in Europe, announces its unaudited revenues figures for the 4th quarter and the 2023-2024 financial year.
In a still sluggish environment for household consumption, particularly in France, and despite a demanding base effect (growth in gross merchandise volume close to +30% and revenues of over +20% in Q4 2022-2023), Vente-unique.com once again managed to maintain solid growth in Q4 2023-2024. Gross merchandise volume rose by +10.0% to €60.7 million and revenues came to €46.1 million, up +6.4% compared to the 4th quarter 2022-2023.
Photo: Vente-unique.
Following growth of 18.2% in the previous financial year, gross merchandise volume rose by a further 15.6% to €233.2m. Revenues also enjoyed solid growth, reaching €178.7m (up 10.1% on 2022-2023), in line with the annual target of double-digit growth.
This performance is all the more remarkable given that it has been achieved in a furniture market that is experiencing a cyclical downturn (-5.8% in France over the 2023-2024 financial year to the end of September). Vente-unique.com has thus succeeded in gaining market share, thanks to the positioning of the products on offer, the dynamism of the marketplace and the recognised quality of its customer service.
E-commerce revenues, which include commissions generated by the marketplace, continued to grow in all regions in the 4th quarter of 2023-2024, with continued solid momentum in Northern and Eastern Europe (+13.2%) and a remarkable performance in Southern Europe (+27.9%). Lastly, France (+0.4%) remains stable in a bearish environment for furniture spending.
The Group's growth was again driven by the marketplace, which continues to enjoy growing success in the 8 countries where it is deployed. In fact, its share of gross merchandise volume rose by almost 5 percentage points over the year. In particular, growth has been steady in France (almost 17% of e-commerce revenues in September 2024, compared with around 14% in September 2023), and has been remarkable in the Netherlands and Portugal, just six months after opening in these countries. The marketplace, which forms the basis of the Group's virtuous business model, has thus confirmed its role as a growth driver, offering customers a broader range of products and services to suit all budgets.
Another year of profitable growth
As it has done every year since its creation and in line with its commitments, Vente-unique.com has achieved another year of profitable growth. Despite a less favourable economic climate in the second half of the year and investments made to build customer loyalty and win over new customers, the Group expects to achieve a solid and exemplary adjusted EBITDA1 margin for the financial year ending 30 September 2024, around that of the previous year (10.7%).
During the year, the Group also recorded controlled one-off costs (€0.8m) relating to the relaunch of Habitat.
Investments for the future
During the year, Vente-unique.com continued to invest strategically in customer satisfaction in order to continue to deliver growth and profitability in the future.
On the commercial front, in addition to the ongoing development of the marketplace, the financial year was marked by the takeover of the iconic Habitat brand. The relaunch of this flagship of the European home furnishings sector, a forerunner in accessible premium, began this autumn with the unveiling of the first items in the new collection.
On the logistics front, Vente-unique.com has announced the construction of a second 62,000 m² logistics platform under a lease in future state of completion (BEFA). This major new logistics site will enable the Group to support the expected growth in its logistics flows and double its current capacity by 2026 without having to invest in the building (excluding building improvements).
More information:
Vente-unique
www.vente-unique.com